EcoPlus Year End Report
January 15 2008 - 8:30AM
Marketwired
CHARLOTTE, NC -- As 2007 has come to a close, the management
team at EcoPlus would like to report key areas of progress to its
investors, partners and customers. The company made significant
strides this year in several areas:
-- Developing relationships with multiple electric generating utilities
for potential fuel purchase agreements.
-- Progress toward EcoPlus fuel's status as a certified renewable (green)
fuel source.
-- In-depth investigation of potential sites for location of EcoPlus
processing facilities.
-- Observing the five-year milestone for operation of the first
licensee's operating facility in Charlotte, NC.
In addition to these developments, the market for renewable
(green) fuel sources experienced a surge in interest this year. As
of December 2007, 25 states have passed legislation providing
incentives and/or requirements for the use of renewable fuels in
the generation of electricity. The continued push toward renewable
fuel use, and the ultimate goal of reducing carbon emissions, will
continue to increase the value of carbon-neutral renewable
resources such as EcoPlus fuel.
EcoPlus made significant strides in 2007 to reach its goal of
locating commercial processing facilities in partnership with
electric generating utilities, industrial facilities, and waste
treatment authorities. Among these accomplishments:
-- EcoPlus fuel will be part of a test burn by a publicly owned electric
utility early in 2008. This test burn is the second test burn of EcoPlus
fuel at a coal-fired generating facility and represents the opportunity to
confirm the suitability of this material as a co-fired, hi-BTU source with
improved emission characteristics over fossil fuels.
-- The company developed relationships with multiple utilities over the
course of 2007 and expects that these relationships will result in
additional test burns in 2008. Test burns are a first step in developing
fuel purchase agreements with utilities.
-- EcoPlus engaged in in-depth discussions with multiple public service
authorities on opportunities to locate processing facilities in their
service areas. Since the EcoPlus feedstock is a grease material difficult
for treatment plants to process, the EcoPlus facilities will relieve these
public service authorities of the need to accept this waste material that
accounts for significant maintenance and operating costs. These discussions
are being held in conjunction with development of potential fuel contracts
at generating facilities located in proximity to the area under discussion.
-- EcoPlus continues to explore opportunities with industrial producers
who use coal as a primary fuel source to provide EcoPlus fuel as a green
alternative.
Looking Ahead -- 2008
With the progress made in 2007, EcoPlus enters 2008 with the
expectation that fuel contracts, partnerships with waste treatment
authorities, and the resulting establishment of processing
facilities can become a reality. Bringing these elements together
to create a commercial operating facility will require diligent
effort on the part of EcoPlus, but the company believes that the
heavy push toward using renewable resources provides an excellent
opportunity to establish new commercial operations in 2008.
About EcoPlus, Inc.
ECPL (www.ecoplusinc.com) has a patent-pending, commercially
proven technology that utilizes an environmentally friendly process
for turning brown grease restaurant refuse into a high quality,
solid fuel product. This product can be used as a coal substitute
to produce power, as an adjunct fuel in waste-to-energy and steam
plant operations and as a fuel for industrial process heat over a
broad range of applications. The option to capture BTUs for energy
that is normally wasted is highly attractive in the tight energy
environment of today.
More information on EcoPlus Inc. is available on its corporate
website: www.ecoplusinc.com
Forward-Looking Disclaimer
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such proclamations about the Company's
future expectations, including future revenues and earnings,
technology effectiveness and all other forward-looking statements
be subject to the safe harbors created thereby. EcoPlus Inc. is a
development stage company that depends on outside resources to
maintain its continuation. Since these statements involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
Factors that may affect forward-looking statements and the
Company's business generally include but are not limited to (i) the
risk factors and cautionary statements made in the Company's NASD
or SEC filings; and (ii) other factors that EcoPlus is currently
unable to identify or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the
statement was made. EcoPlus does not undertake and specifically
declines any obligation to update any forward-looking
statements.
EcoPlus Inc. Investor Relations Toll-free: 877-494-0064
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